Construction Equipment Engines Market Size - By Type (Diesel Engines, Gasoline Engines), By Application (Excavator, Loaders, Compactors, Dump Truck, Bulldozers) & Forecast 2024 - 2032

Construction Equipment Engines Market Size - By Type (Diesel Engines, Gasoline Engines), By Application (Excavator, Loaders, Compactors, Dump Truck, Bulldozers) & Forecast 2024 - 2032

The Construction Equipment Engines Market is expected to grow at 5% during 2024-2032, driven by increasing urbanization, infrastructure projects, and a growing focus on sustainable construction practices.

Currently, over 50% of the world's population lives in urban areas. By 2045, this urban population is expected to grow 1.5 times, reaching 6 billion people, highlighting a significant and ongoing trend towards global urbanization. As more people move to urban areas, there is a growing need for residential and commercial spaces, resulting in a surge in construction projects. This trend is particularly evident in emerging economies, where urbanization is happening at an unprecedented rate. Moreover, nations around the world are investing heavily in building and upgrading their infrastructure, including roads, bridges, airports, and other key facilities, inducing industry growth.

The construction equipment engines market is classified based on type, application, and region.

The gasoline engines segment is poised to grow rapidly till 2032, owing to its versatility and cleaner emissions compared to traditional diesel engines. The demand for gasoline engines in construction equipment is witnessing a steady rise as equipment manufacturers and end-users alike seek more environmentally friendly alternatives. Moreover, it offers several advantages, including lower emissions, reduced maintenance costs, and improved fuel efficiency, enhancing its overall market appeal.

The compactors application segment is set to expand continuously through 2032, driven by its role in construction projects and advancements in engine technology. The construction equipment manufacturers are investing in R&D to design engines that meet the unique requirements of compactors, contributing to improved productivity and reduced construction timelines.

North America construction equipment engines industry is expected to grow rapidly during the study period, driven by a shift towards cleaner and more sustainable construction practices. The United States and Canada, are at the forefront of this growth, with government incentives and regulations encouraging the use of environmentally friendly construction equipment. Further, the construction industry in North America is experiencing a resurgence, driven by infrastructure renewal initiatives and increased investment in residential and commercial construction projects. The demand for construction equipment engines in the region is on the rise, with a particular emphasis on meeting stringent environmental standards.